Red Cat Subsidiary Teal Drones Receives Contract Now Totaling $5.2M to Supply Teal 2 Drone to US Defense Logistics Agency

SAN JUAN, Puerto Rico , Aug. 23, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government and commercial operations, today announces that subsidiary Teal Drones has received a second $2.6 million purchase order to supply Teal 2 systems to the U.S. Defense Logistics Agency (DLA).

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